Cindy0H
New Member

Deductions & credits

I am sorry to hear that. I hope you are healing.

Yes, you can. This is for out of pocket expenses. Here is how:

  • Personal
  • Deductions & Credits
  • Medical
  • Medical Expenses....start

FYI: If you are self-employed and pay health insurance premiums, you may be able to deduct up to 100% of the cost of these premiums. To enter expenses:

  • Go to the Wages & Income section.
  • Select Add/Edit next to your self-employment work income.
  • Select Edit next to the line of work where you paid health insurance premiums.
  • Under Expenses select Add expenses for this work.
  • You’ll find Health insurance premiums under Less Common Expenses.

You can only deduct up to the amount of your self-employed income minus the deduction for self-employment tax. Any remaining self-employment health insurance premiums will automatically be transferred to Schedule A and be subject to limitations.

If you have other questions about this, ask in the comment section below.

View solution in original post